Nexen discovery in UK North Sea
Posted: 14 August 2008
Nexen reported a discovery in the UK North Sea at Blackbird located on Block 20/2a, six kilometres south of our operated Ettrick field.
The well encountered 111 feet of net pay in multiple zones, was drill-stem tested and flowed at an average restricted rate of 3,800 bopd through a 34/64 inch choke. Analysis indicates high quality crude oil in good quality reservoir sands.
The well has been suspended for use as a production well, while work progresses to fast track development as a sub-sea tie-back to the nearby Ettrick floating production, storage and offloading vessel.
Nexen is operator of the Blackbird well with a 79.73 per cent working interest. Other co-venturers include Bow Valley Energy Ltd (12 per cent) and Atlantic Petroleum (8.27 per cent).
"Our North Sea strategy is delivering value for shareholders," said Charlie Fischer, Nexen's President and CEO.
"Satellite discoveries such as Blackbird allow for quick and cost effective tie-backs to existing infrastructure which generates incremental value."
Posted by Richard Price, Editor, EnergyME.com
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